[19 October/ Business Day]

New Zealand King Salmon has been listed on the NZX and ASX, with a $1.12 share price valuing the company at nearly $155 million. The shares rose to $1.15 shortly after being listed before falling back throughout the day. New Zealand King Salmon will use the $30 million raised through the initial public offering to repay debt and fund future investments.  The company would spend $15.3 million by 2018 to increase farm capacity and improve processing operations in an attempt to increase annual production to 15,000 tonnes.